Examlex
In the cloud computing stack,a service provider hosts the application at its data center and customers access it via a standard Web browser.
Royalties
Payments made by one party to another for the right to use intellectual property, such as music, books, or patents, on an ongoing basis.
Creative Destruction
Creative destruction is an economic concept describing the process by which new innovations lead to the demise of older technologies or businesses, thereby fostering growth and economic progress.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, indicating the financial gain in excess of the opportunity costs.
Production Costs
Expenses incurred in the process of creating or manufacturing a product, including materials, labor, and overhead costs.
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